In 2014 and 2015, almost 75% of U.S. Securities and Exchange Commission actions against public companies were brought as administrative proceedings before the SEC’s in-house court, according to a report by Cornerstone Research and New York University’s Center for Law and Business.
“In the three preceding fiscal years, the figure was dramatically lower, ranging between 21% and 35%,” reports the Wall Street Journal. “No longer are federal courts the venue for the largest enforcement actions. Since 2013 the largest penalties were imposed in administrative proceedings.”
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